Yachts, private jets… The ultra-rich are investing more and more in luxury means of transport

INVESTIGATION – Rising high net worth incomes and shifts in consumption propelled the luxury mobility market in 2021.

Private jets, yachts, sports cars… The manufacturers of these luxury machines are unanimous: their order book has been considerably filled in 2021. Rising sales and orders first linked to the enrichment of the largest assets , which have seen their profits increase in 2021. They have indeed benefited from a recovery in the stock markets, real estate and very good corporate results, which “were able to recover from the crisis and quickly restore their results, which benefited shareholders and managersexplains Philippe Crevel, economist and director of the Cercle de l’Épargne. The health crisis is also responsible for a change in behavior in the consumption of the ultra wealthy who are now seeking to appropriate an ultra personalized and unique good, by moving away from traditional lifestyles and modes of transport.

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